LAWYER ASSOCIATES
03 May 2018 at 11:26
A person received Rs. 350000 for relinquishment of right of possession before sale of property. He is only having possession of piece of land not title. that person having possession from over 30 years. ITO has allegedly made addition of Rs. 350000 to the income of the person. Now the case is under appeal. What are the grounds for relief in that case.
Read more at: https://www.caclubindia.com/experts/compensation-for-relinquishment-of-possession-of-land--2652144.asp
Anonymous
03 May 2018 at 07:26
My apartment builder removed power supply to my flat from my current meter in my name, on false claim of extra amount on purchase of flat. Threatening that Unless I pay the money, no power supply will be given. I complained to electric department. They said power supply up to meter is their responsibility and outgoing from meter is not their responsibility and internal matter. Now what course of action to be taken for restoration of power supply to my flat
Anonymous
03 May 2018 at 00:33
Hi,
I have got a new job offer and they want me to join them on immediate basis within 20days. My current company's offer letter says I am required to serve notice period of 90days. My future employer is ready to buyout the notice period, however there is no option of buyout mentioned in my current company's offer letter. What are my options now? I want to join the new company and also get the relieving letter from current employer. Please help.
Ashok Kumar Sharma
02 May 2018 at 23:55
Dear Sir,
I have retired from PSU Bank job on 31.03.2018. Amount of PL Encashment has been paid/credited to my account on 03-04-2018. Is this amount taxable in the FY17-18 or FY18-19. However my Bank has deducted tax on this amount in FY17-18. Please clarify.
Thanks & Regards,
Ashok Kumar Sharma
Anonymous
02 May 2018 at 22:40
Sir, I got a cheque on 30.12.2017, and it was dishonoured with a return memo on 28.02.2018, I issued statutory notice on 27.03.2018, but with one digit wrong cheque number.
The thing is I have no limitation to present the cheque again before the bank, to create a fresh cause of action, as 3 month time is finished. but the Cheque number mentioned in the legal notice is wrong. so what can I really do to proceed criminally and not by way of filing money suit?
I found something called "correction notice," if it is available, what is the limitation to send a Correction notice to the accused?
What if I take a defence that the notice is not the one I sent? by submitting a corrected office copy of legal notice?
Anonymous
02 May 2018 at 21:24
Want to transfer my money (taxed income) to my parents for Fixed deposit on their name, to get monthly income for them
I see some says 1 lacs, some say no limit could you please help on what law exactly says?
Questions:-
1) what is the maximum limit per year they can get as a gift from their kids? OR is it unlimited?
2) Do they need to declare this gifted amount received from their kids on their income tax returns at the time of filing income tax return?
if so what is the tax slab?
S. K. Azad
02 May 2018 at 19:59
Sir,
I am a Central Govt employee and I had updated my ghaziabad address in office records which comes under CGHS area but office however not deducted CGHS subscription and I don't have CGHS card and never availed such facility. But now I asked my office for availing CGHS facility and they are saying that I have to pay monthly subscription of CGHS for last two years as I was living in CGHS area. I informed my office about updating my address in office record so it was their duty to deduct monthly subscription. However recovery of CGHS subscription for not using CGHS facility is legal. Is their any rule regarding such recovery?
Anonymous
02 May 2018 at 19:51
Sir,
I am a Central Govt employee and I had updated my ghaziabad address in office records which comes under CGHS area but office however not deducted CGHS subscription and I don't have CGHS card and never availed such facility. But now I asked my office for availing CGHS facility and they are saying that I have to pay monthly subscription of CGHS for last two years as I was living in CGHS area. I informed my office about updating my address in office record so it was their duty to deduct monthly subscription. However recovery of CGHS subscription for not using CGHS facility is legal. Is their any rule regarding such recovery?
Samir Parekh
02 May 2018 at 17:32
am a Hindu,45. I sold my commercial property (let out on rent 35K per month) jointly held with my wife to pay off huge debts and to get rid from my wife(housewife) who threatened to kill me over phone(I have the recordings). We accepted PART consideration in black just one month before demonetization. It was orally agreed between us that for separation I have to transfer all other properties in her name by way of release deed and accept X amount out of the consideration so received from sale and leave her. As the total payment from buyer was not received till demonetization, the possession of the cash was with her, only cheque payments received in individual names. Later she siphoned off all the cash and now she denies to return it. I can not do anything as I do not have any proof. She is also not ready to distribute the existing 2 residential flats jointly held in which we currently are residing. Now I am jobless have to borrow for my daily meals. Both my wife and 18 year old son are spending money like anything, I have proof of their spendings. Police not ready to take any action, I made all the efforts even I approached PMO, DELHI online who transferred the case with Income Tax evasion Department,pune. I need to sell or borrow money against existing house for my survival which she is not allowing to do so.Is there any remedy available or I will have to cut short my remaining life.
Read more at: https://www.lawyersclubindia.com/experts/modify_message.asp?entry_id=832137
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Transfer of business from a proprietary concern to a company
Dear all,
The facts:
I am running a proprietary concern by name XYZ. I intend to start a Company and transfer my entire business to the said Company.
Do I need to execute any agreement for the transfer of business from the proprietary concern to the newly incorporated Company.
There is no object in the MOA to takeover the business of the proprietary concern.
Thanks.